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July 5, 2015

India

Shrimp Exports Reach All-Time High in FY15

 

During India’s most recent fiscal year—April 1, 2014, to March 31, 2015, abbreviated as “FY15”—exports of marine products reached an all-time high of $5.5 billion.

 

Shrimp accounted for 34% of the quantity of marine product exports and 67% of their value.

 

The overall export of shrimp during FY15 was 357,505 metric tons, worth $3.7 billion.  The USA was the largest market for India’s shrimp (112,702 tons) followed by the European Union (81,952 tons), South East Asia (69,068 tons) and Japan (30,434 tons).

 

In dollar terms, farmed shrimp represented 76% of all shrimp exports.  The export of farmed shrimp grew 21.66% in quantity and 15.53% in value, compared to FY14.

 

In FY15, shrimp farms produced 434,558 metric tons, up 31% over FY14.  Production of Penaeus vannamei increased by 41% to 353,413 tons, and production of P. monodonremained unchanged at 71,400 tons.  Production of freshwater prawns (Macrobrachium rosenbergii) increased by 32% to 7,989 tons.  All the major shrimp farming states increased their production: Andhra Pradesh produced 279,727 tons, up 31%; Tamil Nadu 32,785 tons, up 20%; Gujarat 30,156 tons, up 182%; Maharashtra 4,426 tons, up 113%; and Orissa 22,539 tons, up 56%.

 

Source: Business Standard.  MPEDA Expects Marine Products Exports at US$ 6.6 Billion in 2015-16 Against US$ 5.5 Billion in 2014-15.  July 2, 2015.

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